Most advisers don’t want commissions ban
07 February 2011
Most principals running financial advice offices are opposed to the ban on commissions, according to new Association of Financial Advisers research…
Life Insurance
Tower NZ restructures for growth
07 February 2011
Tower NZ plans to integrate its separate business units to grow the company, Group MD Rob Flannagan says…
Life insurers have a good year
31 January 2011
The Australian life insurance industry ended the 2010 financial year with good growth for net premiums and increased after-tax profits, according to the latest Australian Prudential…
Life insurance premium inflows continue to grow
31 January 2011
Total premium inflows for life insurers grew by 13.4% to $9.2 billion for the 12 months ending September, according to research house Plan For Life…
Zurich given top business insurance rating
31 January 2011
Zurich has been given an outstanding value rating by Cannex for its key person and business partner insurance products…
Japanese life insurer makes move on Tower
31 January 2011
Dai-ichi Life Insurance is looking to take complete control of Tower Australia with a $4 a share offer…
Axa sets a March merger vote
31 January 2011
Axa Asia Pacific Holding’s shareholders will be able to vote on a merger with AMP on March 2 at a special meeting in Melbourne…
ClearView attracts top actuary
31 January 2011
ClearView Wealth has appointed former KPMG partner Greg Martin as its new Chief Actuary and Risk Officer…
AIA wins Sunsuper account from Suncorp
13 December 2010
AIA Australia has won a massive group insurance contract, worth about $160 million in premiums a year, from Suncorp Life…
More advisers selling life insurance through platforms
13 December 2010
More financial advisers are selling life insurance products, with many using an investment platform for the transaction…
New committee for planning standards
13 December 2010
The Financial Planning Standards Board has formed a new committee to oversee global competency, ethics and practice standards for the industry…
Premium income up for life insurers
13 December 2010
Total inforce annual life insurance premiums rose by 10.1% to $8.71 billion for the year ending September 30, according to research house Dexx&R…
Good opportunities ahead for group insurers
06 December 2010
Potential mergers of large superannuation funds will not impact the group life insurance market and have the potential to grow with the Federal Government’s MySuper proposals…
MLC buys outstanding dealer group stake
06 December 2010
MLC has acquired the remaining equity in Melbourne-based financial advice group Meritum Financial…
Kiwis underinsured for life
06 December 2010
The NZ life insurance industry is set to undergo a review in a bid to fix a growing problem with underinsurance…
New boss for Guardian dealer group
06 December 2010
Suncorp Life dealer group Guardian Financial Planning has appointed Simon Harris as its new Executive Manager…
FPA to change membership rules
29 November 2010
The Financial Planning Association intends to change its membership structure to remove the vote from financial planning practices…
Tower delivers strong 2010 result
29 November 2010
Tower Australia has reported a 24% increase in underlying profit to $92.3 million for the year ending September 30…
AMP/Axa merger deal locked in
29 November 2010
AMP and Axa Asia Pacific Holdings have signed a binding transaction agreement as part of the deal to merge the two companies…
Profit up for Tower NZ, but sales down
29 November 2010
Tower NZ has reported a 16% increase in after-tax profits to $NZ58.1 million ($45.3 million) for the year ending September 30…